301 Ocean Acres Drive W Lot #1, Kill Devil Hills

This high-yield investment property in Ocean Acres presents a rare opportunity for savvy investors seeking strong returns and long-term growth. Generating $66,000 in annual income with room to expand, this multi-unit offering includes three distinct rental units plus a leased storage shed, all thoughtfully renovated and ideally located. The main building features a spacious three-bedroom, two-bath upstairs apartment with modern finishes and generous living space. On the ground level, a one-bedroom, one-bath with a separate flex space/office offers a private entrance, full kitchen (no stove), and in-unit laundry. The third unit is a charming one-bedroom apartment, with one bath, and a great room/kitchen (no stove). A separate storage shed/ workshop is also leased for added income. Recent renovations showcase luxury vinyl flooring, stylish vanities, artsy tilework, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and shared outdoor space. Located just steps from the Nags Head Woods Nature Preserve, this property appeals to renters who value both natural beauty and convenience. The Ocean Acres stoplight location provides easy access to shopping, dining, and all the Outer Banks has to offer. Whether you're expanding your portfolio or capitalizing on the area's growing rental demand, this property is a must-see for investors ready to unlock its full potential. All improvements have been thoughtfully completed with proper permits and full town approval, ensuring compliance with local building codes and zoning regulations. From structural updates to mechanical systems, every detail has been professionally executed and inspected for peace of mind.